Tuesday, 5 September 2017

4 Ways to Avoid E-Commerce Annihilation

Nowadays, it’s often said that in order to be able to survive as a retailer, you need to get involved in the ecommerce revolution. But at the same time, it is hardly difficult to notice how the ecommerce field is already utterly and completely dominated by a few leading brands. Put simply, no matter what you want or need, chances are you’ll be able to easily pick it up from a leading name online.

All of which seems to leave little space for smaller online brands, considering the David and Goliath struggle they usually face. But as far as the professionals are concerned, not all hope is lost. Quite to the contrary, as there are some ways and means by which focusing on what matters can assist any online store avoid complete annihilation by the ecommerce giants.

1. Don’t Count on Low Prices Alone

It is worth bearing in mind that most consumers value other elements of the service package above low prices. Amazing customer service, extremely reliable delivery times or just a brand with a story and ethos they can connect with. Surviving as a small ecommerce business means focusing on what it is that makes your brand both different and awesome from rivals.

2. Be a Service Provider, Not Just a Vending Machine

What this basically means is the way some online stores seem to exist like glorified vending machines, while others are exceptionally rich in engaging and useful content. The difference is that the large majority of web consumers respond significantly better to the latter. Therefore, it is crucial to make all efforts to build and market your businessand brand around so much more than products alone. You have to become an all-round service provider and an online authority your clients turn to for more than purchases alone.

3. Get to Know Your Clients

Loyalty schemes are both effective and important, with eMarketer recently revealing that next to 55% of web consumers admit that their spending habits are influenced by such programs. Nonetheless, it is once again crucial to go beyond the norm in order to be as competitive as possible. Provide regular e-mail updates, carry out surveys, request thoughts, reviews and opinions, find out what their priorities are.

4. Stay Social

Last up, you need to use every scrap of information you come across regarding your customers in terms of the content you create and your effort to maintain relationships. One of the most crucial pieces of the puzzle is that of staying social – making the most use of your social media channels and building one comprehensive online presence. It is not like the CEO of Amazon has the inclination or the time to get directly involved with customers via Twitter or Facebook. As a much more personal and small business, it’s very much something that you can do and hence should be doing.